Ellevest Inc. Has $37,000 Position in GXO Logistics, Inc. (NYSE:GXO)

Ellevest Inc. raised its position in GXO Logistics, Inc. (NYSE:GXO – Get Rating) by 53.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,066 shares of the company’s stock after purchasing an additional 370 shares during the quarter. Ellevest Inc.’s holdings in GXO Logistics were worth $37,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Wipfli Financial Advisors LLC bought a new position in GXO Logistics in the 3rd quarter valued at approximately $30,000. Fifth Third Bancorp raised its stake in shares of GXO Logistics by 93.6% during the third quarter. Fifth Third Bancorp now owns 904 shares of the company’s stock valued at $32,000 after acquiring an additional 437 shares during the last quarter. CWM LLC lifted its holdings in shares of GXO Logistics by 88.7% during the third quarter. CWM LLC now owns 955 shares of the company’s stock worth $33,000 after purchasing an additional 449 shares during the period. Geneos Wealth Management Inc. bought a new stake in shares of GXO Logistics in the first quarter worth $39,000. Finally, Repertoire Partners LP acquired a new stake in GXO Logistics in the second quarter valued at $43,000. 99.47% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Citigroup reduced their price target on GXO Logistics from $61.00 to $52.00 and set a “buy” rating on the stock in a research report on Friday, October 7th. Loop Capital upped their target price on GXO Logistics from $67.00 to $74.00 in a report on Friday, January 13th. Deutsche Bank Aktiengesellschaft raised their price target on shares of GXO Logistics from $53.00 to $62.00 and gave the stock a “buy” rating in a report on Friday, January 13th. Barclays upped their price objective on shares of GXO Logistics from $40.00 to $52.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 11th. Finally, Credit Suisse Group lifted their target price on shares of GXO Logistics from $57.00 to $63.00 and gave the stock an “outperform” rating in a research note on Friday, January 13th. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $64.00.

GXO Logistics Stock Up 2.0 %

Shares of NYSE:GXO opened at $53.26 on Monday. The firm has a market cap of $6.32 billion, a P/E ratio of 30.09, a PEG ratio of 1.83 and a beta of 1.55. GXO Logistics, Inc. has a 52-week low of $32.10 and a 52-week high of $88.34. The business’s 50 day simple moving average is $45.20 and its two-hundred day simple moving average is $42.87. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.99 and a current ratio of 0.99.

GXO Logistics (NYSE:GXO – Get Rating) last issued its earnings results on Tuesday, November 8th. The company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.05. The company had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.29 billion. GXO Logistics had a return on equity of 12.90% and a net margin of 2.36%. As a group, research analysts forecast that GXO Logistics, Inc. will post 2.77 EPS for the current fiscal year.

Insider Buying and Selling at GXO Logistics

In other news, Director Gena L. Ashe sold 2,120 shares of the business’s stock in a transaction dated Tuesday, January 17th. The shares were sold at an average price of $52.73, for a total transaction of $111,787.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Gena L. Ashe sold 2,120 shares of the firm’s stock in a transaction that occurred on Tuesday, January 17th. The stock was sold at an average price of $52.73, for a total value of $111,787.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Malcolm Wilson bought 4,174 shares of the business’s stock in a transaction that occurred on Friday, November 25th. The shares were bought at an average cost of $43.97 per share, for a total transaction of $183,530.78. Following the transaction, the chief executive officer now owns 45,509 shares of the company’s stock, valued at $2,001,030.73. The disclosure for this purchase can be found here. Insiders own 11.10% of the company’s stock.

GXO Logistics Profile

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GXO Logistics, Inc, together with its subsidiaries, provides logistics services worldwide. The company provides warehousing and distribution, order fulfilment, e-commerce, and other supply chain services, as well as reverse logistics or returns management services. As of December 31, 2021, it operated in approximately 906 facilities.